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U.S. Century Bank · 1 month ago

Consumer Loan Underwriter / Banking Officer

Miami,FL,US

Full-time

Onsite

Senior Level

5+ years exp

U.S. Century Bank is seeking a Consumer Loan Underwriter to evaluate and make credit decisions on consumer loan applications. This role involves assessing risk, ensuring compliance with lending policies, and collaborating with internal teams to deliver responsible lending decisions.

BankingCommunitiesFinancial ServicesInsurance

Responsibilities

Review and analyze consumer credit applications for home equity products, and other retail lending product (as deemed applicable)

Assess applicant financial information including credit reports, income documents, bank statements, employment verification, and accurately calculate debt-to-income ratios

Determine creditworthiness and compliance with applicable program guidelines

Recommend appropriate conditions to support the credit decision to approve, conditionally approve applications within assigned delegated credit authority limits set by the Bank, or deny applications

Document underwriting decisions clearly and accurately in the loan origination system

Perform timely reviews of stipulation/conditions included on loan approvals

Provide rationale for decisions and maintain proper audit trails

Communicate decision details and required conditions to MLO and Processors

Identify potential risks, fraud indicators, and inconsistencies in documentation

Ensure loan decisions comply with internal policies, regulatory requirements (e.g., ECOA, Fair Lending, FCRA), and investor guidelines as deemed applicable

Work with internal teams to resolve application issues, identify any missing information, and explain underwriting requirements

Support customer-facing staff by interpreting credit policies and providing guidance on structuring deals

Maintain high accuracy and productivity standards while meeting turnaround time based on established Service Level Agreement

Assist with portfolio analysis, quality control reviews, and policy updates as deemed necessary by Credit Management

Identify opportunities to streamline underwriting processes and enhance risk controls

Qualification

Consumer underwriting experienceLending regulationsCredit scoring modelsLoan origination system proficiencyAnalytical skillsAttention to detailCommunication skillsProblem-solving skillsTime managementCustomer focus

Required

Bachelor's degree in finance, Business, Accounting, or related field preferred (or equivalent experience)

5+ years of consumer underwriting or Residential lending experience (depending on seniority level)

Familiarity with credit scoring models (e.g., FICO)

Proficient with loan origination system, Encompass

Strong analytical and problem-solving skills

Knowledge of consumer lending regulations and credit risk principles

Excellent attention to detail and documentation accuracy

Strong communication skills and ability to collaborate across teams

Ability to manage multiple applications and meet strict deadlines

Ability to read, analyze, and interpret common business, banking, documents

Able to respond to common inquiries or complaints from customers or members of the business community

Ability to write reports and business correspondence conform to prescribed style and format, relate well with others and quickly create a working rapport

Must have the ability to present information to management, employees, and customers